TAX CONTEST THRESHOLD US$50,000

WARRANTY CLAIM US$100,000
NOTIFICATION THRESHOLD

 153


 ASSUMED RATIO ADJUSTMENT TABLE\*




 Engine Supplemental
Flight Hour / Cycle Rent Adjusted Value
------------------- -------------------
 ~~.75:1 \*\*Material Redacted\*\*
 1:01 \*\*Material Redacted\*\*
 1.25:1 \*\*Material Redacted\*\*
 1.5:1 \*\*Material Redacted\*\*
 1.75:1 \*\*Material Redacted\*\*
 2:01 \*\*Material Redacted\*\*
 2.25:1 \*\*Material Redacted\*\*
 2.5:1 \*\*Material Redacted\*\*
 2.75:1 \*\*Material Redacted\*\*
 3:01 \*\*Material Redacted\*\*
 4:01 \*\*Material Redacted\*\*
 all higher \*\*Material Redacted\*\*~~


 ASSUMED ANNUAL UTILIZATION ADJUSTMENT TABLE




 Airframe Structural Check
 Annual Utilisation Reserve Amount $
(Airframe Flight Hours) (2004)\*\*
 ~~2,800 66.5

 3,000 62

 3,200 58.5

 3,400 55

 3,600 52

 3,800 50

 4,000 47

 4,200 45~~


----------
\* Operation 3000 Hrs / 1300 cycles per year (Ratio 23:1).

\*\* The above USD rates to be escalated by 3%, compounded annually, commencing
January 1, 2005.

 154


 RENT ADJUSTMENT FACTOR